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Author Topic: Defi flash loan attacks $6 millon  (Read 3136 times)

Offline EAA-ALLAH

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Defi flash loan attacks $6 millon
« on: November 15, 2020, 08:52:42 AM »
After the crurical news of Kucoin hacked ,this is the another bad new for DeFI projects investors. Defi flash loan attacks more than $6 millions dollars.

Read more about the news: https://www.coindesk.com/value-defi-suffers-6m-flash-loan-attack

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Defi flash loan attacks $6 millon
« on: November 15, 2020, 08:52:42 AM »

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Re: Defi flash loan attacks $6 millon
« Reply #1 on: November 16, 2020, 12:55:39 PM »
There are so many cases of DeFi being hacked, I am doubtful about investing in the DeFi project if hackers are always aiming for DeFi projects lately
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Offline Lorix

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Re: Defi flash loan attacks $6 millon
« Reply #2 on: November 16, 2020, 04:13:11 PM »
Such incidents at DeFi will have a big impact. But really very disappointing. If DeFi is the main target of hackers, the amount of resources will start to decrease further. Because investors will take away the investment. It would be like a heinous event in the market.

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Re: Defi flash loan attacks $6 millon
« Reply #3 on: November 16, 2020, 08:34:40 PM »
The phenomenon of Kucoin hack is noticed all over the world. The hacking of Kucoin has had a huge impact on the exchange. However, it is unknown at this time what he will do after leaving the post. But good luck for the future. Any hack brings bad news for the cryptocurrency market. So the previous incidents are certainly reprehensible. If DeFi happens like this, there will be a chance of damage.

Offline EAA-ALLAH

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Re: Defi flash loan attacks $6 millon
« Reply #4 on: November 24, 2020, 10:44:05 AM »
There are so many cases of DeFi being hacked, I am doubtful about investing in the DeFi project if hackers are always aiming for DeFi projects lately
Nowadays most of the decentralized finance projects are becoming scams . So be careful and invest carefully. Don't invest in fake projects with fake exchange application.

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Re: Defi flash loan attacks $6 millon
« Reply #5 on: November 24, 2020, 01:57:58 PM »
Nowadays most of the decentralized finance projects are becoming scams . So be careful and invest carefully. Don't invest in fake projects with fake exchange application.
Right, I think the DeFi risk is very high. therefore should choose a trusted DeFi
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Offline Triedboy

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Re: Defi flash loan attacks $6 millon
« Reply #6 on: November 24, 2020, 03:51:22 PM »
My trust in the exchange has skyrocketed since I received this news that Kucoin has been hacked.  In spite of such security, if something is hacked, then day by day faith will disappear from people's minds.  So I think we have to complete the security so that no one can ever hack.
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Re: Defi flash loan attacks $6 millon
« Reply #6 on: November 24, 2020, 03:51:22 PM »


Offline Triedboy

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Re: Defi flash loan attacks $6 millon
« Reply #7 on: November 24, 2020, 03:57:25 PM »
Nowadays most of the decentralized finance projects are becoming scams . So be careful and invest carefully. Don't invest in fake projects with fake exchange application.
Right, I think the DeFi risk is very high. therefore should choose a trusted DeFi

In fact, despite the many risks involved in DeFi, people are investing heavily in it these days.  Because it can be seen that much profit is available from it in a short time.  This is why scammers get the opportunity to run many scam projects as it is very popular at present.  Therefore, it is important to invest wisely, otherwise there will be a huge loss.
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DOGE DAF
 
  
A MEME-TOKEN WITH NFTs AND
METAVERSE, NAMED AFTER
THE FEARLESS DOG PATRON

FROM
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Offline H2O

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Re: Defi flash loan attacks $6 millon
« Reply #8 on: November 24, 2020, 04:00:29 PM »
After the crurical news of Kucoin hacked ,this is the another bad new for DeFI projects investors. Defi flash loan attacks more than $6 millions dollars.

Read more about the news: https://www.coindesk.com/value-defi-suffers-6m-flash-loan-attack
Yes recently many unaspected hacking phenomena occurring in the cryptocurrency market which already hampered the market acutely. Many investors are leaving cryptocurrencies market due to stollen and hacking.

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Re: Defi flash loan attacks $6 millon
« Reply #9 on: November 24, 2020, 04:08:12 PM »
Almost issues seems all about DeFi or exchange. I wonder if what is the motive of hackers to did that because it is serious and could destroy the project instantly. Of course the investors will think they are not safe anymore in that project so they will transfer their money into another.

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Re: Defi flash loan attacks $6 millon
« Reply #10 on: November 25, 2020, 12:54:03 AM »
Never before has a project built on a modern blockchain, with very smart contracts be hacked so easily... The problem lies in the perfection of the project when the #DevelopmentTeam  does not have enough time to anticipate emerging events related to platform operations.


 

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